XAUUSD 2021 Jul 12 Week for OANDA:XAUUSD by paradox677 — TradingView


XAUUSD 2021 Jul 12 Week

Strength is confirmed, prefer to keep to long, and re-entry on retracement.

Weekly chart: Shakeout SOS confirmed with this week’s higher close.

Daily chart: Higher closes daily confirms strength

H4 chart: SOS bar 2 closing higher than SOS bar 1.

Immediate resistance 1819

Immediate support 1794


Long preferred.

If price stays in rotation: Red/Green zone = preferred entry

If rotation zone narrows: stay out of market

on price retracement: long opportunity

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